Articles

5 Reasons Why Now May Be a Once In a Lifetime Chance to Buy a Home September 20, 2012
5 Reasons Why Now May Be a Once In a Lifetime Chance to Buy a Home

In almost every major U.S. housing market today, it has become cheaper to buy than rent.  While there is no guarantee that home prices will not continue to drop and clearly we have not yet escaped our economic downturn, there are a…

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FHA May Waive Waiting Period September 12, 2012
FHA May Waive Waiting Period

 Waiting Period Waived? The FHA is contemplating new, looser mortgage guidelines that would waive its standard “waiting period” after a significant derogatory credit event. Home buyers with recent bankruptcy, foreclosure or short sale may be cleared to buy homes immediately. The Federal…

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Does an Adjustable-Rate Mortgage Make Sense? September 5, 2012
Does an Adjustable-Rate Mortgage Make Sense?

 Adjustable-Rate Mortgage In recent years, adjustable-rate mortgages have been thought of by many as irresponsible borrowing. However, they’ve been making a comeback, especially among more affluent borrowers. An ARM may be the right choice for some, even if common sense leads you…

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Short Sales are Becoming Easier August 29, 2012
Short Sales are Becoming Easier

Easier Short Sales The Federal Housing Finance Agency has announced new short sale rules that might make it easier for borrowers to sell their homes for less than what they owe on their mortgages. The new rules will go into effect November…

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Getting a Mortgage May Be Tougher, But Still Very Realistic for Most Americans August 21, 2012
Getting a Mortgage May Be Tougher, But Still Very Realistic for Most Americans

Recently you may have heard the media say that it’s difficult or impossible to get a mortgage.  I’d like to clear up any confusion or untruths.  It may be more challenging to go through the mortgage process today, but banks are still…

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End of Summer Likely to Produce a Flux of Short Sales August 15, 2012
End of Summer Likely to Produce a Flux of Short Sales

Finance and housing specialists are anticipating the summer and fall months are likely to produce a flux of short sales. The multitude of short sales comes as more banks choose a portion of what they are owed rather than have a property go…

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Franklin Loan Center | NMLS 237653
Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, 4131316
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